Global Nickel Investments
Global Nickel Investments wraps up Emmaville Bauxite transaction as share price prospers
Shares in Global Nickel Investments shot up more than 16% after the company announced it had now settled on the Emmaville Bauxite project transaction.
During the afternoon trade, shares in GNI popped 16.7% to 9.1c.
The transaction was wrapped up with the payment of $500,000 and the issuance of 5 million fully paid ordinary shares and 5 million GNIOA options.
The company is proceeding immediately to commence field exploration.
Managing Director Ben Cooper said GNI had already commenced desktop exploration studies, and metallurgical research to further delineate processing options for commercial production.
Other Global Nickel Investments news
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12/03/10 Global Nickel Investment to commence drilling at Emmaville Bauxite project, NSW
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07/01/10 Global Nickel Investments completes soil sampling program at Jutson Rocks
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14/12/09 Global Nickel Investments kicks off soil sampling at Jutson Rocks Project
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10/12/09 Global Nickel Investments commences major VTEM exploration survey at Jutson Rocks
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17/11/09 Global Nickel Investments Further Consolidates Ground Holding at Jutson Rocks Project
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10/11/09 Global Nickel Investments increases Jutson Rocks portfolio
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21/10/09 Global Nickel Investments wraps up share placement
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10/02/09 GNI to acquire biotoech company Minomic
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